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A survey by The Senior Citizens League indicates that Social Security benefits have lost more than one-third of their purchasing power over the past decade. Do you support calculating the COLA using an index that more accurately measures seniors' cost of living?.But in 2017, if your AGI remains ,000, you could deduct only allowable medical expenses over 10% of your AGI, or ,000. If you again had medical expenses of ,000, you would only be able to deduct ,000. In this example you you would pay taxes on an additional ,250..So, while we like the news that they still want to act this year, TSCL is taking a wait-and-see position..He purchased it on his first trip to the dealership after receiving an offer in the mail of payments of a month. Instead of a payment that low, though, he wound up owing 0+ a month for five years. His auto loan charges 18% interest. My brother couldn't pass a credit check from a legitimate lender. He's had numerous problems with debt collectors over the years, although he and his wife still own their home with no mortgage now. Do you have any advice?.Like the enormous sword of Greek legend hanging by a single hair above the head of Damocles, the U.S. Totalization agreement with Mexico continues to remain hanging over our nation's Social Security program. The agreement has not yet undergone final approval, but its fate has far-reaching implications for the benefits of 53 million U.S. Social Security beneficiaries..One of the first tax cuts to expire under the recent tax law is likely to disproportionately affect older taxpayers and others with the highest healthcare costs starting in 2019, says The Senior Citizens League. "The medical expense deduction will become less generous in 2019, and that is likely to affect older taxpayers, because they tend to have high medical expenses," says Mary Johnson, a Social Security policy analyst for The Senior Citizens League. "A less generous healthcare cost deduction could mean higher taxable income next year," she cautions..Not only does this put unwitting retirees' Medicare number in the hands of crooks who can then resell it to be used to file more false claims, but it can cause Medicare to deny future coverage for genetic testing when it's really needed, because the patient's record will show the test has already been performed..Email Sign-up.That may be okay for some, but I have had such great success. Why change to something else and put myself through all those fears again? My solution right now is to change where I purchase the medication. Canada, here I come and the devil with Medicare.